MBNA America Bank, N.A. Securitizes $150 Million Of Credit Card Receivables From The MBNA Credit Card Master Note Trust

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00024237-mbna-america-bank-na-securitizes-150-mill/

WILMINGTON, DE — MBNA Corporation and its wholly owned subsidiary, MBNA America Bank, N.A. announced today that, through the MBNA Credit Card Master Note Trust, it will issue $150 million in credit card asset backed notes.

The Class C (2005-2) tranche consists of $150 million floating rate asset backed notes. The five-year Class C (2005-2) notes were priced at par and will accrue interest at 35 basis points over the one-month London Interbank Offered Rate (“LIBOR”).

The transaction, which is scheduled to close on September 22, 2005 was lead managed by Lehman Brothers and co-managed by Deutsche Bank Securities and Merrill Lynch & Co.

MBNA America Bank, N.A. Securitizes $150 Million Of Credit Card Receivables From The MBNA Credit Card Master Note Trust

Unknown Author

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